SAB - SABMiller plc - Termination of Corona Extra licence in Australia

SAB - SABMiller plc - Termination of Corona Extra licence in Australia          
SABMiller plc                                                                   
JSEALPHA CODE: SAB                                                              
ISIN CODE: SOSAB                                                                
ISIN CODE: GB0004835483                                                         
Termination of Corona Extra licence in Australia                                
SABMiller`s Australian subsidiary, Foster`s Group Ltd ("Foster`s"), has been    
informed by Grupo Modelo S.A.B de C.V. that it intends to exercise a change     
of control provision terminating Foster`s licence to import and distribute      
Corona Extra in Australia with immediate effect.                                
The move follows SABMiller`s acquisition of Foster`s in December 2011,          
through which Foster`s gained access to SABMiller`s premium brand portfolio     
in Australia, including Peroni Nastro Azzurro, Peroni Legerra, Miller           
Genuine Draft, Grolsch Premium Lager, Bluetongue and Pilsner Urquell.           
Sales volumes of Corona Extra in the calendar year 2011 were approximately      
600,000 hectolitres in a total Australian market of some 18 million             
hectolitres.                                                                    
SABMiller`s expected financial returns from the acquisition of Foster`s will    
remain broadly unchanged following this termination.                            
ENDS                                                                            
Date: 09/03/2012 08:59:01 Supplied by www.sharenet.co.za                     
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